Did Tesla Make Money in 2020?

Yes, Tesla made money in 2020. Tesla Motors (TSLA) reported a quarterly gross profit of $2.066 billion and a quarterly operating income of $575 million on 31 December 2020.

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Will the Tesla Robotaxi Scheme Work?

I have to wonder how Tesla can make money in a business where impressive organizations such as Uber are losing money. Remember, Uber and Lyft each have over 10 years of experience with rideshare.

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Ford Faces Cash Doubts and Tesla Cybertruck

Thus, Tesla is not generating large amounts of cash but Ford is. However, Ford is stuck with a money-losing legacy business that eats up a lot of its cash.

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